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Showing 121 - 130 of 331 results for "Underperformance"

YFYS net must be cast wider: Cbus

ANNABELLE DICKSON  |  FRIDAY, 9 APR 2021
... Future, Your Super) Bill 2021, Cbus chief executive Justin Arter is concerned that choice funds have the most underperformance and is pushing for them to be included in the benchmarking. "Funds that would not be captured by this are known as choice products ...

Mercer calls for delay to super reforms

JAMIE WILLIAMSON  |  THURSDAY, 8 APR 2021
... made for risk management purposes," Mercer said. Knox also told the committee that communication to members of underperformance will likely lead to those members that are engaged looking to switch funds, while those who are disengaged remain in the underperforming ...

"Financial" in BFID is no big deal: Academic

KANIKA SOOD  |  WEDNESDAY, 7 APR 2021
... firm while working as an academic. The Your Super, Your Future reforms, which also include stapling and the new underperformance test, are yet to be voted on. The government has proposed a July 1 go-live date. The economics legislation committee will ...

Equipsuper merges with corporate fund

KARREN VERGARA  |  WEDNESDAY, 24 FEB 2021
... over five and 10 years it generated 5.2% p.a. and 7.3% p.a. respectively. The product has been on APRA's underperformance radar for delivering sub-par returns over a five-year period, according to the latest heatmap results. Equipsuper and Catholic ...

Continuous disclosure laws to stay

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
... system", the explanatory memorandum reads. The bill covers four key areas: stapling; addressing MySuper funds' underperformance; launching the YourSuper comparison tool; and the best financial interest duty. Under the new stapling rules, the Australian ...

Hume slams superannuation circus

KARREN VERGARA  |  MONDAY, 15 FEB 2021
... efficiency reforms. Hume reminded the audience that the super industry is far from perfect and that pockets of underperformance in for-profit and profit-to-member funds exist. Trustees may have complied with the law but haven't taken into account ...

Maple-Brown Abbott finetunes Aussie equities lineup

KANIKA SOOD  |  THURSDAY, 28 JAN 2021
The Sydney boutique is winding up its geared Australian equities fund after underperformance and dwindling assets, while trimming the fees on two others. Maple-Brown Abbott 's Australian Geared Equity Fund has been around since 2002 and uses leverage ...

Volatility ahead for Magellan shareholders: Morgan Stanley

KANIKA SOOD  |  THURSDAY, 21 JAN 2021
... complexity and could increase earnings volatility." It also noted Magellan's narrow selection of strategies, recent underperformance, and the six-month plus delay in the retirement strategy. Morgan Stanley revised down its NPAT for Magellan by 7% for ...

Pendal reports $1.6bn in net outflows

KANIKA SOOD  |  FRIDAY, 15 JAN 2021
... Hambro Capital Management Business, after investors redeemed $800 million from the UK Dynamic OEIC following its underperformance during COVID-19. JO Hambro also handed back another $700 million to institutional clients who Pendal says rebalanced their ...

Rice Warner weighs in on Your Future, Your Super

KARREN VERGARA  |  THURSDAY, 14 JAN 2021
... Performance results should also be over a seven and 10-year period as this is the industry norm. In terms of the underperformance test, the proposed benchmark will miss the impact on member outcomes for asset allocation - usually the most important source ...